I’m often asked for my thoughts about the future of compliance. What people really want to know is, what’s the next level of compliance? How do we improve? For me, the answer is corporate consciousness.… Continue Reading
Lugano-based BSI SA on Monday became the first bank to use a DOJ amnesty program to resolve potential criminal offenses for helping U.S. taxpayers use secret accounts and offshore shell companies to evade taxes.… Continue Reading
The Organized Crime and Corruption Reporting Project launched a new, secure whistleblowing platform last week. OCCRP Leaks is a way for honest officials and other whistleblowers in Eastern Europe and Central Asia to pass information to the OCCRP anonymously.… Continue Reading
Donna Boehme is widely credited with transforming the compliance profession into what is now known as Compliance 2.0. For that ten-year pioneering struggle and for creating models for global compliance programs, the SCCE’s 10-year anniversary award for dedicated service went to her as the “Lion of Compliance.”… Continue Reading
Sandy Sierck, a long-time friend of the FCPA Blog, has again pressed forward in his effort to compensate corruption’s true victims: the citizens whose governments have failed them.… Continue Reading
The UK data privacy watchdog fined the Serious Fraud Office £180,000 ($266,000) Monday for mistakenly disclosing evidence in the BAE investigation about 64 confidential witnesses in the case.
The evidence was generated during the SFO’s six-year investigation of military contractor BAE.… Continue Reading
The former chief executive officer of Direct Access Partners LLC and a managing director were each sentenced to four years in prison Friday for bribing a Venezuela state bank official in return for bond trading business.… Continue Reading
PayPal will pay $7.7 million to settle charges by the U.S. Treasury Department’s Office of Foreign Assets Control that it violated trade sanctions against Iran, Sudan, and Cuba.
EBay owns PayPal but plans to spin off the electronic payments firm sometime this year.… Continue Reading
Ukrainian police interrupted a televised cabinet meeting Wednesday and marched two officials away in handcuffs for suspected graft.
Police arrested the head of emergency services, Serhiy Bochkovsky, and his deputy Vasiliy Stoyetsky.… Continue Reading
A trend emerged in the fall of 2014 of FCPA enforcement actions by the SEC but where the Department of Justice either declined to prosecute the company or settled via a non-prosecution agreement.… Continue Reading
The DOJ and Commerce Department said Wednesday a unit of Paris-based Schlumberger Ltd. has agreed to plead guilty and pay a $232.7 million penalty for conspiracy to violate trade sanctions with Iran and Sudan.… Continue Reading